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Apr 11, 2013
04/13
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fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe seemed to be mandating, we could have huge downside surprises and the last time we had some pre-announcements -- wait a second. what actually happened? how about we had the best first quarter in 15 years. how is that possible? i think it's because the market has changed its animals. i'm not kidding. investors stopped being scared of washington or europe or earnings shortfalls and they decided to embrace the future, not spurn it. they became like ulysses and his crew, strapped to the mast, oblivious to the sell, sell, sell sirens of the saturnine set. where is sappho when you need him? we got to the
fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe...
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Apr 11, 2013
04/13
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what this says to me is we're going to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get rid that have and replace it with tax hikes. >> dave drucker, the gop wants to win in 2014, i get that, but if the gop becomes democrats, i don't think they are going to win in 2014. >> well, larry, i think everybody should disabuse themselves of the fact that the republicans are going to sign on to the obama budget in any form as it's presented today, and that they are going to support tax increases of any kind, and if the president thinks that the fiscal cliff deal is a way forward for him to cut more deal with the republicans he's going to be disappointed. not only is it bad for them politically, th
what this says to me is we're going to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get...
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Apr 12, 2013
04/13
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FBC
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ceiling issue, our clients can put more money they can find a discount. tracy: a good reminder to everybody they should have three to six months living expenses on the side, don't touch it. we have forgotten about that over the last couple of years because everybody is reaching into the couch for clients to pay the bills. you say you are in 44 countries, 12,000 stocks in your portfolio. how do you manage that many? how do you manage all of that? i can't keep track of my three kids. >> i have for kids, so i'm right there with you. and av clients. we use high efficiency oriented mutual funds to house the difference in stocks over the world. 12,000 different stocks, but we also, tracy, told the portfolio to that large value or the value orientation. the book value is $5 but the market $2.50. there is an intrinsic value. adding two to three basis points over time to my clients portfolios. we are fully invested all across the united states and globally in 244 different countries but we told the value to add a little extra boost for the long-term for my clients
ceiling issue, our clients can put more money they can find a discount. tracy: a good reminder to everybody they should have three to six months living expenses on the side, don't touch it. we have forgotten about that over the last couple of years because everybody is reaching into the couch for clients to pay the bills. you say you are in 44 countries, 12,000 stocks in your portfolio. how do you manage that many? how do you manage all of that? i can't keep track of my three kids. >> i...
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Apr 13, 2013
04/13
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ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting entitlements and social security, he's angered some democrats and he doesn't have a lot of wiggle room now. he's hoping republicans meet him halfway. the problem still is the taxes. the republicans say they raised it in january. the president got what he wanted, albeit less than he want, but they don't want to do that again. let's have the budget cuts without that. i think that's the problem. as much as the president is wining and dining, i think this is where the sticking point will continue to be. >> you talk about no wiggle room.
ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting...
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Apr 15, 2013
04/13
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>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we will dedicate the zimmerman room in honor of gabby's staffer who was the first staffer killed in the line of duty who was killed during the tucson shooting and we'll dedicate that room in the capital visitors' center tomorrow. >> we have seen, some of the newtown victims' families, obviously having an effect, 16 republicans crossing over cloture to start the debate. the emotional appeal on this issue at least right now is paying political dividends. >> it's just common sense. >> yes, ma'am. >> this is beyond emotion, it's common-sense. >> okay, i want to switch to immigration. a topic important to you as
>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we...
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Apr 14, 2013
04/13
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FOXNEWSW
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the democrats through obama said we will take on entitlements and we have the debt ceiling which we run up against in july again, and all of that is a recipe for a deal and if there is no deal and i am wrong and it doesn't happen, we are in for troubled times. >> the economy is getting worse for ordinary people. >> i don't think you can look at this, what washington doesn't care about is what is happening to the average american, what they are care about. we are told the storm is great because the fed is printing money like crazy. and to build up assets for banks but no one will stand up. what we have is a set of policemen dynamics which are relevant to so many americans. >>gregg: the taxes are kicking in, employers are dropping their obama health care or they are switching to higher workers' contribution and people with their own coverage are paying higher premiums. >> it is already beginning. you can see the unintended consequences. >> contributing to the decline in the president's levels? >> it is only going. for four years, when any us, anyone watching, goes to the drugstore and can
the democrats through obama said we will take on entitlements and we have the debt ceiling which we run up against in july again, and all of that is a recipe for a deal and if there is no deal and i am wrong and it doesn't happen, we are in for troubled times. >> the economy is getting worse for ordinary people. >> i don't think you can look at this, what washington doesn't care about is what is happening to the average american, what they are care about. we are told the storm is...
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Apr 18, 2013
04/13
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CNBC
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we couldn't think we're going to get a public policy flare-up like we had in '10 or '11 during the debt ceiling debate or what happened during the whole election process which so influenced business confidence a year ago. so those two factors are better than they were each of the last three years. the growth piece is similar. on balance we think that adds up to something less than those prior three-year corrections. but close to at least last year's. >> there are some interesting calls in that analysis. barry, thank you very much for your time. barry knapp there at barclays. >>> switching gears a bit from the broader markets to technology, specifically apple and its slide back below $400 today. does the news out of verizon offset all the bad news we got from supplier cirrus yesterday. dan niles, is the cio of alpha one capital, he's been negative on apple shares for six to nine months or so. joins us on the news line today. dan, welcome back. >> thanks, carl. nice to be on. >> does any of the activations of the iphone out of verizon negate or offset what spooked us from cirrus yesterday
we couldn't think we're going to get a public policy flare-up like we had in '10 or '11 during the debt ceiling debate or what happened during the whole election process which so influenced business confidence a year ago. so those two factors are better than they were each of the last three years. the growth piece is similar. on balance we think that adds up to something less than those prior three-year corrections. but close to at least last year's. >> there are some interesting calls in...